Increasing Population and Purchasing Power to Drive Saudi Furniture Market

Furniture consumption in Saudi Arabia is projected to grow at a CAGR of 10% during 2015-2019, says RNCOS in its latest research report.


Noida, UP -- (SBWIRE) -- 01/26/2015 -- Saudi Arabia furniture market is expected to experience a strong growth driven mainly by the increasing population and purchasing power due to positive transformation of the Kingdom's economy. With the improved economic condition, the wages levels of the citizens are increasing and enhance the purchasing power of the people. Besides, increasing population in Saudi Arabia has emerged as the fundamental factor responsible for the growth of its housing industry and creating a huge demand for furniture. It is anticipated that Saudi Arabia furniture market will become a lucrative one in coming years.

According to our latest report "Saudi Arabia Furniture Market Outlook 2019", fast growing young population has recently created a numerous family accommodations and affordable houses around the Kingdom. Besides, booming construction activities in Saudi Arabia led to significant furniture demand and made the Kingdom one of the favorite destinations for furniture manufacturers. Strong international trade links, stable political environment, fiscal surplus and diversified economic structure make Saudi Arabia as one of the favorable destinations for investment in various segments. This will further enhance Kingdom's furniture market. It is anticipated that, Saudi Arabia furniture consumption is projected to grow at a CAGR of 10% during 2015-2019.

The report provides a comprehensive analysis and unbiased view of the Saudi Arabia furniture market in terms of production and consumption by type such as commercial furniture and household furniture. Household furniture consumption in the Kingdom further fragmented into bedroom, kitchen and other type of furniture. Saudi Arabia furniture export and import are also covered in the report by furniture type and countries. Besides, both furniture export and import by type of materials are also included in the report.

Besides, details regional furniture market analysis along with the wood product industry framework are also included in the report to provide a better image of the Saudi Arabia furniture market. Details analysis of interior design, contracting and fit out industry is also covered in the report to give a better coverage of the Kingdom's construction sector.

Further, regulatory and consumer behavior analysis in terms of furniture to Saudi Arabia customer are also described in the report. Details analysis of Saudi Arabia furniture major players is also included in the report along with the business description, which can help a better understanding of the Saudi Arabia furniture market.

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RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.